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Search Results 0 to 15 of about 16 (some duplicates have been removed)
with smarter spending reductions to bring down the deficit. we can do it in a gradual way so that there is less of an impact. these deductions that certain folks can take advantage of, the average person cannot. not everyone has access to cayman island accounts, the average person does not have access to carry interest income, where they wind up paying a much lower rate on the billions that they earned. we want to make sure that the whole system is fair and transparent and that we are reducing our deficit in a way that does not hamper growth and reduce the kinds of strategies that we need in order to make sure that we are creating a strong middle-class. host: jim from south carolina, on the republican line, good morning. caller: how are you? host: well, thank you. caller: you keep mentioning and hearing people talking about pensions, but pensions are just invested the same way that 401k is. stocks and bonds. people with pensions lost money as well. i heard cases where people were not going to get as much money. if someone is manages their 401k, i do not know, it needs to be managed properly and
'll be following this. >>> to washington now. members of congress remain focused on deficits, spending and how to head off the looming sequestration cuts poised to kick in early next month. in separate interviews on sunday, house minority leader nancy pelosi and majority leader eric cantor laid out the economic dividing lines. >> what we need is growth. we need growth with jobs. and if you have spending cuts, education of our children and other investments like the national institutes of health where you are hindering growth, you're not going to reduce the deficit. so it is almost a false argument to say we have a spending problem. we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on the national debt. and that's 15% -- that's a large percentage of the budget. >> the tax fight for the president means higher taxes, more revenue. again, we can't be raising taxes every three months in this town, david. and you know, the bottom line is we want tax reform,
the deficit. all by honoring the wish of 2/3 of americans to respect states' rights for marijuana just like we do for alcohol. i would invite my colleagues to join this effort in developing a marijuana policy that makes sense for america today. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from north carolina, mr. coble, for five minutes. mr. coble: i thank the speaker. mr. speaker, january is the traditional month in which new year's resolutions are developed. i'm suggesting that president obama and mrs. boim adopt a resolution -- mrs. obama adopt a resolution. it appears to me, mr. speaker, regard air force one very casually and i believe on some occasions two planes, at least two planes go to the same destination. air force one, mr. speaker, belongs to president and mrs. obama. but air force one also belongs to the american taxpayer. and i would welcome a new year's resolution that would provide generous lace of all future air force one dispatches with prudence, discipline and last but certainly not least fiscal austerity. america's taxpayers will be
talking about the deficit. >> really? oh, yes. eric cantor to the rescue. he is ready to save the republican image and put a stop to the electoral college losses, right? of course, this is not the first time eric cantor has tried to save the party. you see, it actually is the fourth attempt that he has had. in 2009, cantor held a pizza party, remember that? with jeb bush and mitt romney by launching the national council for a new america that didn't work. a year later, cantor was back at it. he was one of the young guns ready to take the republican party by storm. >> there is a better way, and a new team is ready to bring america back. eric cantor, kevin mccarthy, paul ryan joined by common-sense conservative candidates from across the country. together, they are ready to make history. together they are the young guns. >> the good old days. in 2011, cantor launched the you cut program. he wanted to get the public to vote on weekly cuts to federal government. another year, another failure. so today cantor launched the "making life work" campaign. he is trying desperately to avo
. against the back drop of congressional debate over deficit reduction and the sequester, president obama will call for more public spending offset by savings and new revenue. the president's decision to shift focus back to the economy isn't surprising when you take a look at public polling. the economy, jobs, and the budget deficit are at the top of the list for budget concerns. legal immigration and strengthening gun laws ranks 17th and 18th respectively. the new strategy may reflect a decision to strike while republicans are on their heels and plagued by internal conflict. for the third year in a row, the gop will not present a unified front in their response to the state of the union. in 2011 when the republican party chose paul ryan to give its official response, the tea party issued its own rebuttal. >> instead of cutting, we saw an unprecedented explosion of government spending and debt. it was unlike anything we've ever seen before in the history of the country. >> last year a gop response by mitch daniels had competition from the herminator. >> in a word i heard the speech, and i
appropriations committee yesterday we learned that we're actually making progress in getting the budget deficit to shrink below a trillion dollars. which you have saluted as good news. >> you know, a lot of people forget what president bill clinton did. if we would have just continued what he did back when he left office, we would have been -- we had a surplus. we wouldn't be in this situation. but bottom line is the deficit is i believe it is the lowest in some time in 2008. we ought to be celebrating we're actually moving the target down. it is moving down instead of going up. but nobody has picked up. i'm glad she picked that up. bill and victoria, thank you for telling the listeners that president obama and all of us working together, we're actually bringing down the deficit. >> bill: the deficit's going down and the market the dow is going up. so there is some good economic news that you never hear about except here on the "full court press." congressman henry cuellar great to have you with us this morning. >> thank you, bill and victoria. >> bill: we'll be back to continue our conversatio
. there is basically an aversion to paying taxes, and we have deficits caused by wars, tax cuts, and all of the things that we talked about, and there are more people retiring. we could say that is too bad, they lived to long -- right -- too long -- one i was growing up, my grandmother had no medicare, no social security, and she lived with her daughters. i slept on the couch in the living room because that is how families took care of seniors before 1964. now we have a medicare program, where my father lived to 93, my mother lived to 97, and we did nothing for them except pay for their taxes. one year we gave my mom a christmas gift, a hearing aid which cost about $800. host: medicare does not cover that? guest: medicare does not cover that. good luck, you are on your own is what we say to seniors. my view is we are a better country than that. we can find a way to do that. there is a lot of stuff done in this country where people are getting treatment or examinations that are not making their health better or their life better. we have to look at that and stop doing that kind of stuff. that means wit
away. right? >> right. >> but republicans got to the brink and caved on the deficit ceiling. they got to the brink and they caved on sequester the first round. now, sequester comes back and still with the budget. and and they are saying, no, no, no. they are saying again that we are never going to agree with this unless we get major, major spending cuts and social security and welfare but can we believe him anymore? i mean it looks to me at the same time like they will get to the brink again and realize, no, no, no. we can't do this. if we look at recent history, that would be the course. what's fascinating is the republicans see this as the major bargaining chip to get their desired spending cuts but if we remember from their campaign last fall we saw mitt romney and paul rind on trying to avert the sequester saying this would be a really bad thing, you know, especially for defense. now, we kind of see a reverse here john boehner has said that he does not support a delay which the president wants, which the president outlined last week. so t
. >> no. no. well the first of the year on the fiscal cliff. on the deficit. then they caved, once they came back. right? on the budget and extended things again. isn't it likely no matter their bluff, they are going to cave on the sequester as well? >> we will see what happens. on top republicans are set to unveil their package with sec wrestration and they are likely to introduce a plan to pay for a year's worth of sequester cuts, a year reduction in the federal work force through attrition, not people losing their jobs but that's what they are set to unveil. >> that's kelly ayott, the chair of the house armed services committee and reveal an alternate plan and say what president obama suggested is dead on arrival in the house, not going to make it through congress >> bill: but they will come up with their own plan? >> they will later this afternoon. >> juan aa summers reporter for politico pro the paid addition? >> we are behind the pay wall but i pop up on the main site to cause trouble. >> defense related issues chuck hagel's nomination sequester,
Search Results 0 to 15 of about 16 (some duplicates have been removed)

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